Unveiling the causal impact of US economic policy uncertainty on exchange market pressure of African economies
Bibliographic Data
| ID | 12705158 |
|---|---|
| Authors | Godwin Olasehinde‐Williams (0000-0002-3710-6146, School of Economics and Management Nanchang University China, corresponding author), Ifedolapo Olabisi Olanipekun (0000-0002-9292-8740, Adeyemi College of Education Ondo Nigeria) |
| Year | 2020 |
| Volume | 22 |
| Issue | 1 |
| Publication date | 2020-08-19 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Public Affairs (JOURNAL) |
| Journal identifiers | ISSN: 1472-3891 • E-ISSN: 1479-1854 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/pa.2278 |
| OpenAlex | W3081281445 |
| Language | EN |
| Citations received | 4 |
| References cited | 47 |
One of the factors responsible for the growth of African economies is their interaction with advanced economies such as the United States. In this regard, this study investigated the causal linkages between the exchange market pressure (EMP) of African economies and the economic policy uncertainty (EPU) of the United States. A panel of nine African countries were studied from 1996 M01 to 2018 M12 using a bootstrap Granger causality test because of its robustness to cross‐sectional dependence and heterogeneity. We found that US EPU Granger causes EMP in the panel of African countries. At country level, we found causal relations running from US EPU to EMP in Egypt, Ethiopia, Ghana, Kenya, Libya and South Africa. In Angola, Morocco and Nigeria, EMP was independent of uncertainty in the United States. This suggests that African countries need to be watchful of their reliance on the US economy as negative effects of policy uncertainty emanating from the US might be transmitted to their economy through its influence in the exchange market
Development economics · Econometrics · Economics · Economy · Granger causality · International economics · Robustness (evolution · Energy, Environment, Economic Growth · Market Dynamics and Volatility · Monetary Policy and Economic Impact
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| Unique citing works | 4 |
|---|---|
| Citations per year | 1 |
| Citation span | 2022 - 2025 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |